Chinese industrial giant Jingye marked its leadership in the pursuit of the assets of British Steel, registering a subsidiary company in the UK. A potential takeover by a Chinese company the second largest British steel companies caused concern within the ruling coalition about the possible consequences for national security.
As the publication of the Mail, one day finding British Steel under the state control, which costs the UK budget to £ 1 million. Therefore, the government just wants to quickly find a buyer for the bankrupt mill.
the Publication suggests that Jingye intends to conclude a deal within a few days, for which it registered a subsidiary affiliated company in the UK at Companies House with the sole listed Director, named si Feng Han - 41-year-old citizen of China.
Jingye again became a contender for the purchase of British Steel last month, when a rival bidder Include the Department of the pension Fund of the Turkish military - has been unable to agree on the deal after ten weeks of exclusive negotiations with the insolvency Service, which controls the process.
the bankruptcy Process British Steel initially looked like a questionable financial transaction in a private investment company Greybull has acquired all the signs of incompetence by the British authorities.
the Government, which has rejected requests for Greybull loan in 30 million pounds, what was the reason for entering external administration and Greybull failure of any of the obligations within the last six months I had supported British Steel spending about 1 million pounds a day, which would total about 170 million pounds.
Julian Lewis, the Tory Chairman at the last parliamentary defense Committee, last night warned of a "totalitarian political system of China, which is ubiquitous and extremely oppressive." He compared a potential takeover of British Steel with the prospect that Chinese telecommunications company Huawei will be allowed to build a new 5G network in the UK.
"Although this decision is not as dangerous as the inclusion of Huawei in our telecommunication system of the next generation, still it is undesirable to key sectors of the defence industry continued to move under the control of countries that are politically opposite of our free way of life," said Lewis.
In a letter to the Financial Times last week, Matthew Bryza - former US Ambassador and senior fellow of the American analytical center at the Atlantic Council, warned against an agreement with the Chinese. He suggested that the deal to sell British Steel, the Chinese can run into opposition from the US and worsen relations between the two countries.
